Centrais Eltricas Brasileiras Stock Market Value
| EBR-B Stock | USD 6.77 0.17 2.45% |
| Symbol | Centrais |
Centrais Elétricas Price To Book Ratio
Centrais Elétricas 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Centrais Elétricas' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Centrais Elétricas.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in Centrais Elétricas on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding Centrais Eltricas Brasileiras or generate 0.0% return on investment in Centrais Elétricas over 360 days. Centrais Elétricas is related to or competes with Nextera Energy, Consumers Energy, Duke Energy, Red Electrica, Engie Brasil, Centrais Electricas, and Korea Electric. Centrais Eltricas Brasileiras S.A. - Eletrobras, through its subsidiaries, engages in the generation, transmission, and ... More
Centrais Elétricas Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Centrais Elétricas' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Centrais Eltricas Brasileiras upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 12.18 | |||
| Value At Risk | (2.48) | |||
| Potential Upside | 2.34 |
Centrais Elétricas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centrais Elétricas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centrais Elétricas' standard deviation. In reality, there are many statistical measures that can use Centrais Elétricas historical prices to predict the future Centrais Elétricas' volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.56) |
Centrais Elétricas Backtested Returns
Centrais Elétricas secures Sharpe Ratio (or Efficiency) of -0.19, which signifies that the company had a -0.19% return per unit of risk over the last 3 months. Centrais Eltricas Brasileiras exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Centrais Elétricas' Mean Deviation of 1.39, standard deviation of 1.84, and Risk Adjusted Performance of (0.11) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Centrais Elétricas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Centrais Elétricas is expected to be smaller as well. At this point, Centrais Elétricas has a negative expected return of -0.33%. Please make sure to confirm Centrais Elétricas' total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Centrais Elétricas performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.49 |
Average predictability
Centrais Eltricas Brasileiras has average predictability. Overlapping area represents the amount of predictability between Centrais Elétricas time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Centrais Elétricas price movement. The serial correlation of 0.49 indicates that about 49.0% of current Centrais Elétricas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Centrais Elétricas lagged returns against current returns
Autocorrelation, which is Centrais Elétricas stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Centrais Elétricas' stock expected returns. We can calculate the autocorrelation of Centrais Elétricas returns to help us make a trade decision. For example, suppose you find that Centrais Elétricas has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Centrais Elétricas regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Centrais Elétricas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centrais Elétricas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centrais Elétricas stock over time.
Current vs Lagged Prices |
| Timeline |
Centrais Elétricas Lagged Returns
When evaluating Centrais Elétricas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centrais Elétricas stock have on its future price. Centrais Elétricas autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Centrais Elétricas autocorrelation shows the relationship between Centrais Elétricas stock current value and its past values and can show if there is a momentum factor associated with investing in Centrais Eltricas Brasileiras.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Centrais Stock
Centrais Elétricas financial ratios help investors to determine whether Centrais Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Centrais with respect to the benefits of owning Centrais Elétricas security.